Rupee settles 1 paisa lower at 83.13 against US dollar

The Indian rupee experienced a minor decline of 1 paisa, settling at 83.13 (provisional) against the US dollar. This drop was attributed to significant selling in domestic equity markets and the strength of the greenback in international markets. However, the rupee’s losses were limited by renewed foreign capital inflows and a substantial decrease in global crude oil prices. According to forex dealers, the domestic currency began trading at 83.13 against the dollar and fluctuated between 83.07 and 83.17 throughout the day.

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